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Hermès Kelly 32 in Gray Elephant with Gold hardware
Hermès Kelly 32 in Gray Elephant with Gold hardware, image 2 of 7
Hermès Kelly 32 in Gray Elephant with Gold hardware, image 3 of 7
Hermès Kelly 32 in Gray Elephant with Gold hardware, image 4 of 7
Hermès Kelly 32 in Gray Elephant with Gold hardware, image 5 of 7
Hermès Kelly 32 in Gray Elephant with Gold hardware, image 6 of 7
Hermès Kelly 32 in Gray Elephant with Gold hardware, image 7 of 7

Rare Hermès · Curated by Jane

Hermès Vintage Kelly 32 Elephant Gray with Gold Hardware

$45,000.00
Condition 2 – Excellent
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The object record

Condition
2 – Excellent
Material
Elephant
Made in
France
Color
Gris Éléphant
Metallic finish
Gold
Dimensions
L 32 × H 23 × D 10.5 cm | L 12.5" × H 9" × D 4"
Read the condition guide
The story behind the Kelly

Created in the 1930s by Robert Dumas as a women's bag with straps: a trapezoid with two triangular gussets, a cutout flap, a handle and two side straps. It took the Kelly name in 1956, when Grace Kelly made it famous. Sellier construction keeps the seams on the outside for a more defined outline; Retourné construction turns them inside for softer edges. The leather does not decide the construction: Box calf Kellys are recorded in both.

Discover Hermès Kelly Bags

Collector's Insight:
Elephant leather is long discontinued at Hermès, which makes surviving examples exceptionally scarce. The classic gray with gold hardware and the Kelly 32 proportion deliver enduring refinement and top‑tier display value.

Resale Insight: Discontinued exotics with clean structure and neutral tones attract global demand. Expect sustained appreciation as availability remains limited and provenance becomes an ever larger driver of price.

Resale Insight:
The market demand for Kelly bags, particularly in the 32cm size, continues to outpace supply. This specific configuration is a staple for collectors seeking a balance of heritage and contemporary style.

Condition, defined +

Every piece is graded on the JANEFINDS five-tier scale: 1 Pristine, 2 Excellent, 3 Very Good, 4 Good, 5 Vintage, Well-Loved. Each tier is defined in writing in The Condition Guide.

The JANEFINDS standard +

Every piece is authenticated in-house and individually inspected, and ships with a JANEFINDS Certificate of Authenticity.

Delivery and payment +

Domestic: FedEx Direct Signature, no additional fee unless noted. International: FedEx International Priority; duties and taxes may apply at destination. We do not ship to P.O. boxes. Orders ship within two business days of inventory and payment confirmation; contact us for expedited service.

Payment: Credit-card acceptance and payment arrangements are determined on a case-by-case basis. Contact JANEFINDS to confirm the payment arrangements for your purchase. Billing details must match the card exactly.

Returns +

A return may be requested within 24 hours of delivery, with the security tag intact and the piece returned complete and in original condition. Approved returns carry a 5% restocking fee. Full details in our Returns and Exchanges policy.

Complete the piece

Carried with.

Chains, straps and cases selected to work with this piece.

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Why JANEFINDS

How JANEFINDS authenticates
  • 30+

    Years of Hermès scholarship, collection, and authentication.

    About Jane
  • $2.8M+

    The highest authenticated Hermès resale on record, a private transaction placed by Jane.

    About JANEFINDS
  • One review

    Every piece on this site has passed Jane's hands. No exceptions.

    How we authenticate
  • Five tiers

    Every piece is graded on the published JANEFINDS Standard, each tier defined in writing.

    The Condition Guide